📊 #SOL Glassnode: liquidity can be assessed using several metrics, including the realized gain-to-loss ratio (30D-SMA).
For Solana, this ratio has held below 1 since mid-November, meaning that realized losses now exceed realized gains. This indicates that liquidity has declined to levels characteristic of deep bear markets.

📈 #BTC #ETH #ETF Yesterday, total net inflows of spot BTC-ETFs totaled ~$151.9 million.

Total net inflows of spot ETH-ETFs amounted to ~$177.7 mln.

🇺🇸👀 #macro CQ: The current macro snapshot indicates a stable RISK-ON environment: a normalized score of +2.71 signals a moderately supportive setup, where rates, the dollar, and volatility create a tailwind for risk assets. There are no signs of overheating, but no excessive euphoria either.

📈 Sentora: #USDS has emerged as the largest yield-bearing/#RWA stablecoin.

Since early November, its market cap is up 17.3%, in contrast to key competitors like USDe and BUIDL, which have both fallen by around 28% in the same timeframe.

🗓 Schedule of token sails planned for December

December is packed with high-profile token sales across Impossible, CoinList, Echo and CakePad. From Prediction Markets to #AI and #DePIN, here are the top projects scheduled to launch this month. $SPACE $RNBW $AI $LV

📊🌎 Bybit released a report showing the Top 20 of the World Crypto Adoption Index.

🙋‍♂👀 #ASTER Aster: The platform now has a zero commission policy for equity futures contracts

📊👀 #BTC CQ: Due to the Coinbase migration, the measured STH supply is now around ~5.4M BTC. A non-trivial chunk of that belongs to corporate treasuries and ETFs, while the rest is held by the real-economy investors who are effectively providing ongoing demand on the market.

🇺🇸👀 Crypto #ETF Flows Today:
Bitcoin ETFs:
1D NetFlow: +445 $BTC (+$40.87M)
7D NetFlow: -1,992 BTC (-$182.9M)

Ethereum ETFs:
1D NetFlow: +35,347 $ETH (+$117.71M)
7D NetFlow: +56,619 ETH (+$188.54M)

Solana ETFs:
1D NetFlow: +74,573 $SOL (+$10.23M)
7D NetFlow: +365,333 SOL (+$50.42M)

🔮🇺🇸 #macro Kalshi odds show a 97% chance of a 25 bps cut today, but the real risk is the Fed’s 2026 outlook.

September projections signaled only one cut next year and a 3.4% year-end rate. Analysts expect guidance to turn neutral to hawkish as the Fed stays on hold into early 2026, potentially pressuring equities.

Powell is likely to emphasize that further cuts require weaker inflation or higher unemployment. With his term ending in May, today’s decision and press conference will be closely watched.

The FOMC rate decision will be announced in 30 minutes ⏰

🧑‍💻 #RWA Top Real World Assets by development since last month. #LINK #HBAR #AVAX

⚠️🇺🇸 #macro #FOMC Fed rate: 3.75% (expect: 3.75% / pre: 4%)

🇺🇸👀 #macro #FOMC The Fed's accompanying letter:
- Fed to launch QE on Dec. 12;
- Remain likely to cut rates by 25 bps in 2026;
- Expect unemployment rate to be 4.4% in 2026, PCE inflation to fall to 2.4%, and GDP growth to increase to 2.3%.

🇺🇸👀 #macro Traders now see the Fed Funds rate at 3.1% at the end of 2026 and estimate the probability of a pause at the January meeting at 78%.

🇺🇸👀 #macro #FOMC Powell:
- Inflation remains somewhat elevated; goods inflation accelerated due to tariffs.
- Long-term inflation expectations stay near 2%.
- Labor market is softer; job growth likely overstated by ~60k in recent months.
- Economy is not overheated.
- Fed will make decisions meeting-by-meeting; policy is not on a preset course.
- Rates are within a plausible neutral range.
- Fed is buying short-term Treasuries to support money-market stability.
- Repo operations remain important; reserve levels are sufficient.
- #AI-related data-center spending supports investment.
- Inflation on goods expected to peak in Q1 if no new tariffs.
- Tariffs are the main driver of higher goods inflation.

📉🤔 Red November = Red December

It’s always been the rule for $BTC, but this time, the #1 coin is up 1.82%.

🐳 #BTC Whales continue to add BTC while retail buying pressure is at yearly lows.

🇺🇸👀 #macro James Lavish says the US Treasury is pushing for rate cuts because with so much government debt in short-term T-bills, every 25bp cut reduces annual interest costs by about $25 billion.